Greece Takes Its Bailout, but Doubts for the Region Persist (Published 2010)

ATHENS — Greece announced on Sunday that it had reached agreement on a long-delayed financial rescue package that would require years of painful belt-tightening, but the deal might not be enough to stop the spread of economic contagion to other European countries with mounting debts and troubled economies. The bailout, which was worked out over weeks of negotiations with the International Monetary

[Scatterbrain]

Crucially, Greek officials said the plan included potentially politically explosive measures that would make it easier to lay off thousands of public sector workers, whose generous salaries and benefits have been a key cause of Greek’s debt problem. Until now, the government has not been able to l